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Livestock Record and Management Tools

Livestock Record and Management Tools. by Russell Tronstad & Trent Teegerstrom tronstad@ag.arizona.edu 520-621-2425 The University of Arizona Dept. of Agricultural and Resource Economics. Three Legs Supporting Cow-Calf Industry. Animal. Economics. Range. Economic Example: Restocking.

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Livestock Record and Management Tools

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  1. Livestock Record and Management Tools by Russell Tronstad & Trent Teegerstrom tronstad@ag.arizona.edu 520-621-2425 The University of Arizona Dept. of Agricultural and Resource Economics

  2. Three Legs Supporting Cow-Calf Industry Animal Economics Range

  3. Economic Example: Restocking • Biological Productivity • Market Prices • Initial Cattle Numbers • Carrying Capacity of Range • Financial Situation of Ranch

  4. Biological Productivity Market Prices

  5. Capital Available Biological Productivity Initial Herd Market Prices Restocking Path

  6. Cumulative Returns Grazing Capacity

  7. Monthly Cash Flow Summary

  8. Herd Evaluator Worksheet Herd Planning -- Multi-Year Restocking Path (5 yrs) -- 20-year returns in current dollars -- Available AUYs Multiyear Budgets -- Cash production and management costs Ranch Investments -- Amortization of assets.

  9. Short Ranch Finance Sheet Cash Flow Analysis Net Cash Position Chart Balance Sheet -- Change in owners equity. Herd Production Costs and Returns -- Net Farm Income -- Break-Even Values

  10. Ranch Analysis Worksheet Ranch Planning/Decision Analysis -- evaluation of supplementation. -- early weaning versus drylot Diagnostic Tree Analysis -- total ranch and per exposed cow Herd Productivity by Age Cohort -- category available to lump cows together if ages are unknown.

  11. Overall Objectives -- identify economic problem areas!! -- critical control point analysis

  12. Livestock Records: Goods records are signals for where protocols/practices need to be altered or kept the same.

  13. Livestock Records Workbook: Hard copy pencil records Excel spreadsheet: electronically record on own computer Online Records: user password protected account. + Financial Records + Pasture Records / Animal Movements + Animal Events

  14. livestockrecords.arizona.edu

  15. Financial Ledger

  16. Purchase Supplies

  17. Modify Categories

  18. Livestock Events

  19. Association Report

  20. Define Pastures

  21. Assign to Pastures

  22. Livestock Records Need Accurate Records from finances, range, and animal to make good management decisions. Livestock Feed Assistance Programs. AGR-Lite: Gross Revenue Based Insurance + premiums subsidized about 50% + 5 years of Schedule F tax returns + revenues and not higher expenses

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